Spectator on facebook

Spectator on facebook

FOCUS SHORT

Holcim and VSH to merge in Slovakia

ROHOŽNÍK-based construction materials producer Holcim (Slovensko) has started the process of merging with Východoslovenské Stavebné Hmoty (VSH) based in Turňa nad Bodvou, the SITA newswire reported on November 3. For now the companies will continue to operate independently with their own managements, but will merge fully in the near future.

ROHOŽNÍK-based construction materials producer Holcim (Slovensko) has started the process of merging with Východoslovenské Stavebné Hmoty (VSH) based in Turňa nad Bodvou, the SITA newswire reported on November 3. For now the companies will continue to operate independently with their own managements, but will merge fully in the near future.

“We hope that the merger will be over in 2012, but we cannot confirm this for now,” said Peter Robl, spokesperson of Holcim.

Antitrust authorities in Slovakia, Hungary and Austria have already okayed the increase in the share which Holcim holds in VSH to 100 percent. Holcim CEO Alan Šišinački has become head of the board of directors at VSH.

The move will see the Holcim group further strengthen its position in Slovakia. The merger should result in the creation of a leading supplier of construction materials and services with more than 1,000 employees, two cement mills and a network of concrete plants and gravel pits across Slovakia.
Holcim (Slovensko) is the biggest producer of construction materials in Slovakia. It is part of the Holcim group, one of the world’s biggest cement producers.

Topic: Real Estate


Top stories

How social networks can earn you a ticket to Germany

Can a status on a social network change someone’s life? Yes, if you write humorous stories about a fictive German ambassador.

Assaf Alassaf (r) talked about his life and his book in Bratislava

The most famous circus comes to town Video

The famous Cirque du Soleil is in Bratislava celebrating the 15th year of its show Varekai: Tales of the Forest.

Cirque du Soleil: Varekai

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.

Letters can be checked at work – but is it legal?

The recent scandal surrounding the parliamentary office opening and checking the post of MPs has opened the issue of postal privacy – which also concerns emails or text messages – guaranteed by the law.

Andrej Danko, speaker of parliament